European Resources Limited · ASX:ERE
European Resources — Investor Presentation (March 2026)
26 slides from European Resources's investor presentation, Mar 23, 2026
Slide 1: Update and Retraction of Information – Presentation to Investors
23 March 2026 UPDATE AND RETRACTION OF INFORMATION PRESENTATION TO INVESTORS The Company has been requested to provide the further information relating to the Presentation to Investors announcement made on 17 March 2025. The following additional disclosures have been made and are reflected in the at
Slide 2: Announcement approval and contact details
This announcement has been approved by the Company Secretary. For further information, please contact: Thomas Mann Jason Beckton Richard Edwards Chairman Managing Director Company Secretary +61 (0) 411 255 499 +61 (0) 438 888 612 +61 (02) 9300 3333 or by email at: redwards@europeanresources.com.au M
Slide 3: Advancing Rare Earth Resources in Finland & Gold-Silver in Slovakia
ASX:ERE | FSE:1P80 ABN 24 602 043 265 Advancing Rare Earth Resources in Finland & Gold- Silver in Slovakia Investor Presentation March 2026 europeanresources.com.au
Slide 4: Disclaimer
Disclaimer Cautionary statements The announcement and information, opinions or conclusion expressed in the course of These risks and uncertainties include, but are not limited to: (i) those relating to the this announcement contains forecasts and forward-looking information. Such forecasts, interpre
Slide 5: Investment Highlights
Investment Highlights Korsnäs REE Inferred Resource Estimate doubled to 13.5 Mt @ 1.02% TREO1 (total rare earth oxides) – further resource growth targeted Rare earth prices surging with NdPr up 100% from US$63/kg in June 2025 to US$123/kg in January 2026 Diamond drill hole KR-316 delivers the
Slide 6: Capital Structure
Capital Structure ASX: ERE FSE: 1P80 523.5M $0.022 $12M Shares on Issue Share Price Market Capitalisation (at close 16 March 2026) $11M $1M Enterprise Value Cash (at 31 December 2025) Top 22 shareholders (three equal 20th) hold 48% of the Company. Open Day for Korsnäs community, July 2025. europeanr
Slide 7: Board and Management
Board and Management Thomas Mann Non-Executive Chairman Marian Urban Country Manager - Slovakia Mr Mann has over 30 years’ experience in financial markets and global trade having Mr Urban graduated with a Masters of Economic Geology in Comenius University established a global trading corporation wit
Slide 8: Finland rated #1 by the Fraser Institute
Finland rated #1 by the Fraser Institute Stable and transparent regulatory framework World-class geological data Superior infrastructure Reliable power grid with low electricity costs = A$0.07/KwH vs Australia A$0.33/KwH, California A$0.30/KwH, Brasil A$0.18/KwH Skilled workforce and techn
Slide 9: EU is committed to a rare earths industry
EU is committed to a rare earths industry Rare earth elements (REEs) listed among 14 of 17 critical minerals 47 ‘Strategic Projects’ listed including in Finland EU Critical Raw Materials Act aims to ensure European extraction, processing and recycling of ‘strategic raw materials’ including REE
Slide 10: REE prices on the rise
REE prices on the rise Recommended valuation price Element Symbol Oxide Applicable notes (US$/kg oxide) Lanthanum La La2O3 0.63 Base case; EXW China public quote basis. Cerium Ce CeO2 1.68 Base case; EXW China public quote basis. Magnet-case override using NdPr oxide benchmark proxy Praseodymium Pr
Slide 11: Finland
Finland The EU’s newest REE Resource Korsnäs REE Project Jokikangas REE Project Proximate to Magnet manufacturers Neo Materials (Estonia), Korsnäs Mine, 1959. Vacuumschmelze (Germany) and Solvay (France) 2024 Donation to the Korsnäs Mine Museum 11 European Korsnäs Mine Underground, 1960s. euro
Slide 12: Korsnäs REE Project
europeanresources.com.au Korsnäs REE Project Inferred Mineral Resource Estimate (MRE) doubled to 13.5 Mt @ 1.02% TREO - lower cut-off grade of 0.5% TREO o 13.5 Mt @ 1.02% TREO Inferred MRE o 9 Mt to 11 Mt @ 0.9% to 1.1% TREO Exploration Target upside (Refer ASX announcements 22 April 2025 and 28 A
Slide 13: Korsnäs
Korsnäs February 2026: KR-316 thick, high-grade intercept and open to the south KR-316 results refer ASX announcement 24 February 2026 KR-062 results refer ASX announcement 26 March 2024 KR-192 results refer ASX announcement 5 September 2023 KR-036 results refer ASX announcement 26 March 2024 europe
Slide 14: Korsnäs – Mineralisation Characterisation Progress
Korsnäs – Mineralisation Characterisation Progress Apatite is the dominant Korsnäs REE host mineral with liberation characteristics favourable for beneficiation (Refer ASX announcement 7 May 2025) Visual estimates of mineral abundance should never be considered a proxy of substitute for laboratory a
Slide 15: Korsnäs REE Tailings
Korsnäs REE Tailings Metallurgical test work on Exploration Target underway Parallel metallurgical workstreams in Australia at Ansto and CORE, in Finland with GTK Mintec and Oulu University Mining School and in Indonesia with PT Geoservices. Mineralogy studies identified two distinct REE-hosting
Slide 16: Korsnäs REE Project – 2026 Metallurgical Test Work
Korsnäs REE Project – 2026 Metallurgical Test Work – No Red Flags – Concentrate Separation Work Currently Step 2 - Ansto work underway in Australia in parallel with Finnish metallurgical work – ongoing and core samples submitted to GTK in October last year – awaiting results. Test work Oulu Universi
Slide 17: Jokikangas REE
Jokikangas REE REE Resource play – Otanmaki Area Plan is to repeat the Korsnas process of logging – resource – metallurgy work – adding to the mainland EU pipeline of REE resources. Jokikangas project area doubled in size – comparisons to higher grade – cumulate melt? portions of Halleck Creek i
Slide 18: Slovakia – Gold Silver Targets Of Mid-tier Scale
Slovakia – Gold Silver Targets Of Mid-tier Scale Western Tethyan Proposed Drilling Programs. A total of 54 holes for 10,000m+ Multiple 10 g/t Au + targets, subject to regulatory approvals and financing. europeanresources.com.au 16
Slide 19: Ongoing News Flow
Ongoing News Flow Korsnäs REE Project o Now - Metallurgy – Most intensive activity already in progress In Finland at Oulu University and GTK Mining School (supported by the EU funded REMHub program) In Australia and Indonesia – Ansto and PT Geoservices o Early 2026 Post Drilling - JORC Resource es
Slide 20: Value Proposition
Value Proposition Korsnäs REE Project o Successful metallurgical test work shows an economic pathway forward o Exploration success supports the conversion of the Exploration Target to a Mineral Resource Estimate Jokikangas REE Project o Building another REE project in Finland Slovakia o Upside
Slide 21: Kiitos Tack Thank You
ASX:ERE | FSE:1P80 europeanresources.com.au ABN 24 602 043 265 Kiitos Tack Thank You Contact us for further information Jason Beckton j.beckton@europeanresources.com.au +61 (0) 438 888 612 Corporate +61 2 9300 3333 Left: All core is checked with a portable XRF for anomalous REE before conventional c
Slide 22: Appendix
ASX:ERE | FSE:1P80 europeanresources.com.au ABN 24 602 043 265 APPENDIX
Slide 23: Korsnäs
Korsnäs February 2026: KR 316 thick, high-grade intercept and open to the south europeanresources.com.au 21
Slide 24: Korsnäs – Geology Stacked Repeated Zones
Korsnäs Geology Stacked Repeated Zones europeanresources.com.au 22
Slide 25: Korsnäs – 7km cumulative strike, mostly undrilled
Korsnäs 7km cumulative strike - mostly undrilled Six sub-parallel geological structures up to 20 metres thickness and over 1km strike length and unknown depth control = resource growth potential europeanresources.com.au 23
Slide 26: Korsnäs – Similar to Top of Large Tonnage Sokli
Korsnäs – Similar to Top of Large Tonnage Sokli – Late Carbonatite Zones a Kornas Analogy? In red The Sokli deposit is estimated to contain 12.4 billion tonnes of ore grading 24% P2O5. This grade is significant for the production of phosphate, which is essential for fertilisers and food production.
European Resources — Investor Presentation (March 2026) on 6ix